Thanks for your questions posted over the past week. I am happy to answer your questions online. I will repost the questions in blue italics followed by my comments in black.
Kok Cheng
Dear Andy Chow, you wrote:
You are farming marble goby fish in Malaysia but making plastic bags in Singapore. Are you planning to make plastic bags in Malaysia as well?
Hi Andy,
We are continuously exploring opportunities to expand into new areas of plastics manufacturing in Malaysia. As for plastic bags manufacturing, we have established reliable partnerships in Malaysia, where our partners produce lower grade plastic bags for us.
Best Regards,
Kok Cheng
Dear Katherine Soh, you wrote:
Any updates on shrimp farming? I can't find anything in your half yearly report.
Hi Katherine,
We have ceased our trial commercial farming at Neo Tiew Crescent when the land was return to the Singapore Land Authority at the end of 2023. However, we continue to engage in small-scale farming at our Sungei Tengah farm.
Currently, we are collaborating with several shrimp farms in Malaysia, utilising the Bosch AquaEasy solutions. We plan to re-enter this segment if we can secure suitable land in the future.
Best Regards,
Kok Cheng
Dear Ben Goh, you wrote:
Will you open physical stores for your pet product business?
Hi Ben,
Currently, we operate 4 stores under ‘The Pet Family’ in Kuala Lumpur. However, we have no plans to open physical pet stores in Singapore, Indonesia and Thailand.
Best Regards,
Kok Cheng
Dear Jeremy Fong, you wrote:
Are you the supplier of plastic bags used in the cleaning up of oil spill at Pasir Panjang Terminal on 14 June 2024?
Hi Jeremy,
Yes, we supply plastic bags to the contractors responsible for the cleaning up of the oil spill.
Best Regards,
Kok Cheng
Thanks again to all the investors who have posted their questions here. I hope I have answered them to your satisfaction. The next chance for us to correspond again will be the time when we announce our Full Year 2024 results. In the meantime, do feel free to visit our corporate website: http://www.qianhu.com/ and our IR website: http://qianhu.listedcompany.com/ for more information.
Take care and I looks forward to our next online Q&A.
Kok Cheng